Biden And Yellen Announce Roughly $21 Billion In Funding For Ukraine To Closeout 2024

On December 30th, Biden said in a statement: “At my direction, the United States will continue to work relentlessly to strengthen Ukraine’s position in this war over the remainder of my time in office.”

Later that day, Yellen issued her own statement on the Treasury’s additional stimulus for Ukraine:

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In coordination with the U.S. Agency for International Development and the Department of State, this $3.4 billion in assistance marks the final disbursement of funds appropriated under the bipartisan Ukraine Security Supplemental Appropriations Act, 2024. Our direct budget support continues to be conditioned on reforms related to strengthening law enforcement, improving transparency and efficiency of government institutions, and bolstering anti-corruption rules and procedures.

This disbursal follows the United States’ execution of our portion of the $50 billion G7 Extraordinary Revenue Acceleration loan initiative for Ukraine, paid for by the windfall proceeds earned from Russia’s own immobilized assets. Taken together, we are sending a clear message to Russia that it will increasingly bear the costs of its illegal war – not American and coalition taxpayers.

Ukraine’s success is in America’s core national interest. Stopping Russia’s illegal invasion will help uphold a global democratic, rules-based, order that advances American security and economic interests, and it will send an unmistakable message to autocrats and would-be aggressors around the world that they will face unshakeable resolve. We must not retreat in this effort. Together with the security assistance America is providing Ukraine and Treasury’s actions to further tighten sanctions on Russia’s war machine, we will continue to do everything in our power to position Ukraine to achieve a just peace.

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SEE: President Biden Appoints Treasurer Janet Yellen To Manage Certain Affairs With Ukraine And Seizing Of Russian Assets

On top of this, Ukrainian Prime Minister Denys Shmyhal revealed on Telegram that $15 billion in seized Russian assets will be redistributed to Ukraine.

“The relevant agreement was signed by the Ukrainian Ministry of Finance and the World Bank,” Shmyhal explained. “These will be funds within the framework of the PEACE in Ukraine project and part of the U.S. contribution of $20 billion under the G7 initiative, which will be directed to social and humanitarian spending. We thank the United States and the World Bank for implementing and supporting the initiative that is making Russia pay for its aggression against Ukraine.”

Ukrainian President Volodymyr Zelensky offered his thanks to the Biden administration on social media.

“This support comes at a critical moment, as Russia intensifies its assaults, even resorting to involving North Korean soldiers and continuing to receive weapons from North Korea and Iran,” he said. “Every act of solidarity from our partners saves lives, strengthens our independence, and reinforces our resilience. It also demonstrates that democracies are stronger then autocratic aggressors.”

With the Russia-Ukraine war approaching its three-year anniversary in February, the United States has publicly gifted approximately $175 billion in total assistance for Ukraine.

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AUTHOR COMMENTARY

As a reminder, in June, our disgusting Treasurer and former Federal Reserve Chair said that seizing stealing the interest accrued on the Russian assets was not at all theft, and in what was probably one of the more Orwellian statements we got in 2024 that went largely unnoticed – the crazed lady defiantly said:

There is no sense at all in which it’s theft. The Russian assets remain in this institution, they’ve been impounded. The Investments that Russia have matured so Russia’s funds are sitting in cash, but they’re generating income for the institution which Russia has no claim on, so there’s no legal issue here.

What a ‘beautiful’ way to end 2024, and it is one of the last grenades the Biden administration will leave behind as a parting gift. But don’t be shocked if these ghouls shell out some more money laundering funds for all their criminal friends in the club before January 20th, but I frankly don’t expect too much to change with the Trump administration either.

Ezekiel 22:12 In thee have they taken gifts to shed blood; thou hast taken usury and increase, and thou hast greedily gained of thy neighbours by extortion, and hast forgotten me, saith the Lord GOD. [13] Behold, therefore I have smitten mine hand at thy dishonest gain which thou hast made, and at thy blood which hath been in the midst of thee. [14] Can thine heart endure, or can thine hands be strong, in the days that I shall deal with thee? I the LORD have spoken it, and will do it.

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[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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